Time (TIME) Set to Announce Earnings on Wednesday

Time (NYSE:TIME) is scheduled to be releasing its earnings data before the market opens on Wednesday, February 14th. Analysts expect Time to post earnings of $0.76 per share for the quarter.

Time (NYSE:TIME) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $693.65 million. Time had a negative net margin of 0.10% and a positive return on equity of 7.53%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. On average, analysts expect Time to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Time (NYSE:TIME) opened at $18.50 on Wednesday. The stock has a market cap of $1,840.00, a PE ratio of -925.00, a P/E/G ratio of 2.73 and a beta of 1.06. Time has a 1-year low of $9.90 and a 1-year high of $19.70. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88.

Several research firms recently issued reports on TIME. Citigroup cut shares of Time from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. Zacks Investment Research raised shares of Time from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Friday, January 5th. Gabelli cut shares of Time from a “buy” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Tuesday, November 28th. Evercore ISI began coverage on shares of Time in a report on Friday, November 17th. They set an “outperform” rating and a $7.00 price target for the company. Finally, ValuEngine raised shares of Time from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.17.

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Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. The Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, and Travel + Leisure, as well as approximately 50 titles in the United Kingdom.